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Ocean 08527
968 W Veterans Highway
$550,000
● House - Off Market

968 W Veterans Highway

Jackson, NJ 08527
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,754 Ft²
$3,151
Est. Monthly
6.58%
Cap Rate

About This Property

Remodeled 3 bedrooms 2 full bath Raised Ranch with walkout basement. 2 Car garage, private back yard. Plenty of parking on double wide driveway. Brand new kitchen, master bedroom with a remodeled full bath. Close to major roads, Jackson Outlets and Great Adventure.
Unit Size
1,754 Ft²
Days on Market
-
Land Size
0.82 acres
Price per sqft
$299
Property Type
House
Property Taxes
$573
HOA Dues
-
Year Built
1993

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MOMLS #22329415)

Price History

Date / Event Date Event Price
Feb 20, 2024 Sold
Premium
Sold
Oct 20, 2023 Listed by Caplan Realty Associates LLC $525,000
Listed by Caplan Realty Associates LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 1,144
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,719
  • Total Building Area: 1,354
  • Building Area: 1,354
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,354
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000820
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Jackson Township School District
  • Census Tract: 717300

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: TAX MAP 178
  • District: 12
  • Parcel: 12 17801-0000-00005
  • Block: 17801
  • Lot: 5
  • Municipality: JACKSON TWP
  • Latitude: 40.0973
  • Longitude: -74.4203

    Address

  • Full Address: 968 W Veterans Hwy
  • Address - House Number: 968
  • Street Direction: W
  • Address - Street Name: Veterans
  • Address - Suffix Type: Hwy
  • State: NJ
  • City Name: Jackson
  • Carrier Code: R006
  • 4-Digit Zip Code: 3337
  • Zip Code: 08527

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $687,596

    Appraisal Valuation

  • Standard Deviation: 0.1906
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 522,991
  • High Value: 622,722
  • Low Value: 423,260

    Market Valuation

  • Market Total Value: $272,100
  • Market Land Value: $104,200
  • Market Improvement Value: $167,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $272,100
  • Assessed Land Value: $104,200
  • Assessed Improvements Value: $167,900

    Sales

  • Current Sale Contract Date: Nov 30, 2023
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 15270
  • Previous Sale Recording Date: May 10, 2023
  • Previous Sale Contract Date: May 01, 2023
  • Previous Sale Amount: $326,882
  • Previous Sale Document Type: 64
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ocean

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$303

Above Asking

0.19%

Average Days on Market

65

Average Home Size

1602 ft²

Average Home Age

29.8 years

Currently For Sale

4635 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 370 Cassville Road, Jackson, NJ, 08527

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,440 ft²
370 Cassville Road, Jackson, NJ, 08527 Listing by Troy E Davis

Rentals Near You

Click here to view more rentals in the neighborhood.
MOMMLS

Listed by: Irene Shepherd, Caplan Realty Associates LLC
Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22329415
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 968 West Veterans Highway built and last sold?
The property at 968 West Veterans Highway was built in 1993 and last sold on Nov 30, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 968 West Veterans Highway is $0.
What are some comparable homes to 968 West Veterans Highway?
There are currently no comparable homes to 968 West Veterans Highway.
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